PUB CONST BOND-DEFAULT Senate SponsorsSen. William R. Haine-Kwame Raoul and Martin A. Sandoval-Michael Bond House Sponsors(Rep. Marlow H. Colvin-Lisa M. Dugan-Al Riley-Elga L. Jefferies) 12/15/2008SenatePublic Act . . . . . . . . . 95-1011 30 ILCS 550/1from Ch. 29, par. 15Amends the Public Construction Bond Act. Requires surety bonds on public construction projects costing over $100,000 (now, over $5,000). With respect to bonds securing contracts between the Capital Development Board or a public institution of higher education and a contractor, requires that within 15 days after notice to the surety that the principal is in default, the surety must (i) complete the work using a contractor selected jointly with the obligee or (ii) provide the obligee the amount needed to complete the work, in excess of the unpaid contract balance and up to the penal sum of the bond. Effective immediately.Senate Floor Amendment No. 1 Deletes everything after the enacting clause. Reinserts Senate Bill 1890 as introduced with the following changes: with respect to the threshold value of projects requiring surety bonds, makes the threshold for State projects over $50,000 (now, over $5,000) and maintains the threshold for a political subdivision's projects at over $5,000. Effective immediately.House Amendment No. 1 Deletes everything after the enacting clause. Reinserts the provisions of the engrossed bill with the following changes: During the 15 working days after receiving the default notice, permits the surety to advise the State or political subdivision that it needs more time to investigate and select a course of action. Limits that additional time to 30 working days, unless otherwise agreed to by the purchasing agency. Permits the State or political subdivision to continue the work until the completing contractor is prepared to commence performance if (i) the surety needs the additional time to investigate and select a course of action or the surety elects to use a completing contractor that is not prepared to commence performance within 15 working days after receipt of the default notice and (ii) the State or political subdivision determines that it is in the best interest of the State to maintain work progress (now, permits the State or political subdivision to continue work until the completing contractor is prepared to commence performance if the State or political subdivision determines that it is in the best interest of the State to maintain work progress). Effective immediately. 1/10/2008SenateFiled with Secretary by Sen. William R. Haine 1/10/2008SenateFirst Reading 1/10/2008SenateReferred to Rules 2/7/2008SenateAssigned to State Government and Veterans Affairs 3/6/2008SenatePostponed - State Government and Veterans Affairs 3/11/2008SenateAdded as Chief Co-Sponsor Sen. Kwame Raoul 3/13/2008SenateDo Pass State Government and Veterans Affairs; 009-000-000 3/13/2008SenatePlaced on Calendar Order of 2nd Reading April 1, 2008 4/4/2008SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. William R. Haine 4/4/2008SenateSenate Floor Amendment No. 1 Referred to Rules 4/9/2008SenateSenate Floor Amendment No. 1 Rules Refers to State Government and Veterans Affairs 4/10/2008SenateSenate Floor Amendment No. 1 Recommend Do Adopt State Government and Veterans Affairs; 007-000-000 4/16/2008SenateSecond Reading 4/16/2008SenateSenate Floor Amendment No. 1 Adopted; Haine 4/16/2008SenatePlaced on Calendar Order of 3rd Reading April 17, 2008 4/16/2008SenateAdded as Co-Sponsor Sen. Martin A. Sandoval 4/17/2008SenateThird Reading - Passed; 054-000-000 4/17/2008HouseArrived in House 4/17/2008HousePlaced on Calendar Order of First Reading 4/21/2008HouseChief House Sponsor Rep. Marlow H. Colvin 4/24/2008HouseFirst Reading 4/24/2008HouseReferred to Rules Committee 5/21/2008HouseCommittee Deadline Extended-Rule 9(b) May 23, 2008 5/21/2008HouseAssigned to State Government Administration Committee 5/23/2008HouseFinal Action Deadline Extended-9(b) May 31, 2008 5/28/2008HouseAdded Alternate Chief Co-Sponsor Rep. Lisa M. Dugan 5/28/2008HouseHouse Amendment No. 1 Filed with Clerk by State Government Administration Committee 5/28/2008HouseHouse Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote 5/28/2008HouseDo Pass as Amended / Short Debate State Government Administration Committee; 011-000-000 5/28/2008HousePlaced on Calendar 2nd Reading - Short Debate 5/28/2008HouseAdded Alternate Chief Co-Sponsor Rep. Al Riley 5/28/2008HouseSecond Reading - Short Debate 5/28/2008HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/30/2008HouseAdded Alternate Chief Co-Sponsor Rep. Elga L. Jefferies 5/30/2008HouseThird Reading - Short Debate - Passed 113-000-000 5/30/2008SenateSecretary's Desk - Concurrence House Amendment(s) 01 5/30/2008SenatePlaced on Calendar Order of Concurrence House Amendment(s) 01-May 31, 2008 5/30/2008SenateHouse Amendment No. 1 Motion to Concur Filed with Secretary Sen. Kwame Raoul 5/30/2008SenateHouse Amendment No. 1 Motion to Concur Referred to Rules 5/30/2008SenateHouse Amendment No. 1 Motion to Concur Rules Referred to State Government and Veterans Affairs 5/31/2008SenateHouse Amendment No. 1 Motion to Concur Postponed State Government and Veterans Affairs 7/1/2008SenatePursuant to Senate Rule 3-9(b) / Referred to Rules 7/1/2008SenateHouse Amendment No. 1 Motion to Concur Referred to Rules; Pursuant to Senate Rule 3-9(b) 9/22/2008SenateHouse Amendment No. 1 Motion to Concur Filed with Secretary Sen. William R. Haine 9/22/2008SenateHouse Amendment No. 1 Motion to Concur Referred to Rules 11/12/2008SenateApproved for Consideration Rules 11/12/2008SenatePlaced on Calendar Order of Concurrence House Amendment(s) November 13, 2008; 01 11/12/2008SenateHouse Amendment No. 1 Motion to Concur Rules Referred to State Government and Veterans Affairs 11/13/2008SenateHouse Amendment No. 1 Motion To Concur Recommended Do Adopt State Government and Veterans Affairs; 009-000-000 11/13/2008Senate3/5 Vote Required 11/13/2008SenateHouse Amendment No. 1 Senate Concurs 056-000-000 11/13/2008SenateAdded as Chief Co-Sponsor Sen. Michael Bond 11/13/2008SenatePassed Both Houses 12/12/2008SenateSent to the Governor 12/15/2008SenateGovernor Approved 12/15/2008SenateEffective Date December 15, 2008 12/15/2008SenatePublic Act . . . . . . . . . 95-1011